Dubai has proven itself as the top destination for investors to establish their business in the Middle East due to the vast infrastructure built over the years, business-friendly policies, ease of doing business, sustainable leadership, and economy. There are some important factors which help you to business setup in Dubai if you are interested to do business in Dubai. These all factors will help you to understand the entire requirements that are demanded establishing a business.
There is no doubt that the government policies support the development of small and medium businesses and Dubai provides a plethora of investment opportunities to the international business community. Dubai, in fact, is willing to attract innovative people from every corner of the world as this is repositioning itself as a knowledge-based economy dependent on emerging technologies. In this direction, the government of the UAE recently went a step further, permitting 100% ownership for overseas investors. In this conducive environment, this is just worthwhile to explore only those sectors that hold exciting development opportunities for startups.
What Are the Advantages We Get from Business Setup in Dubai?
We can locate many benefits for business setup in Dubai. These benefits are available for foreign and local investors. Following are the very crucial and evident advantages that allure entrepreneurs and investors from across the world.
- Best Safety and Security
No investors or entrepreneurs want to invest money in a sector with weak law and management situations. Investors are suffering the issue still in many world-class trade hubs in North America and Europe. But in Dubai, there is no need to worry about safety in security. The entire UAE has a lower rate for all kinds of crimes and presents itself as the safest place for business setup in UAE.
The different kinds of crime levels are much lower that makes residents and entrepreneurs feel secure. This is a vital reason that many small and large enterprises have their residence in Dubai and their numbers are growing constantly with the passage of time.
- 10 Year Residence Visa
As opposed to most nations in the Middle East, or the UAE has friendly nature overseas. this is, particularly for overseas investors. Now, this has become easy for these investors to make Dubai their home as the UAE has announced to offer ten-year residence via for investors. The real recipient of this announcement is Dubai because this is hosted lots of professionals and investors. The process of visa is also easy and fast that would allure more investors.
- Large Number of Free Zones
There are over 45 free zones in the United Arab Emirates when over half of the free zones are in Dubai. Many of them are free of tax and also are exempted from VAT. There are many free zones that are expensive for a specific kind of business activity when others are open to all kinds of businesses.
What Should Remember During Business Setup in Dubai
Here is the simple list for you to keep in mind while you are included in a business setup in Dubai.
Business Activity – It refers to the main business activity or the major competence for your business setup. In order to your company registration in Dubai, you would require to identify the suitable business activity in which your company would be conducting. This is vital to note that each company in Dubai should operate within the activities of the business for which they are registered.
Trade Name – Throughout the process of register a company in Dubai, this is vital to choose the right trade name for your company. This may be a complicated task, but this is compulsory to register a specific trade name for your new company throughout the business setup in UAE procedure.
Jurisdiction – For any kind of business establishment, this is crucial to identify the right jurisdiction for your company. The jurisdictions are classified into three are – the free zone, the mainland, and the offshore. You need to choose from. Every jurisdiction has its own set of rules.
Office Space – According to the mandatory UAE law, all company registration requires to have an office space related to it. The best business setup consultants in Dubai will assist you in this decision. They provide you right suggestions during this process.
How Business Consultants Help for Business Setup in Dubai
Here is a list of benefits of taking the help from business setup consultants for business setup in UAE.
- Help with Market research
When you appoint business setup consultants in Dubai, their experience in business assists you. Start a business in Dubai is not an easy task. The business consultants have valuable market intelligence and information that you won’t have realized if you did not have a business consultant. Business setup consultants in Dubai are aware of the market terms, new business ideas, and probable rivals. They would guide you on establishment costs and work according to your budget. They have knowledge of all business trends in the UAE.
- Expert Advice
When you start a new business, you do not always have vital detail that you require for a business. You should have understanding and experience in the market of Dubai where you want to carry your business. Your business consultants have a good perspective on your rivals and they can suggest you on different business problems. They would tell you the advantages and disadvantages of your company.
- Help in Legal Matters
A business formation includes several legal formalities which require to be sustained. Things such as registration, approvals, and licensing are taking a lot of time. They will provide sound legal suggestions on the necessary documents. Several government agencies need approval throughout this establishment procedure. The business setup consultants in Dubai make it an easier process.